Tuesday 30 May 2017

Nifty fails to carry forward the momentum, hovers around 9600, Aurobindo Pharma soars over 13%

The BSE Healthcare is one of the top gaining indices during pre-lunch hours on Tuesday. It is up by 2% at 13488.

Aurobindo Pharma and Dr. Reddy’s Laboratories are the major contributors to the index gains and pulling it to higher levels. Aurobindo Pharma is up by 13.04% at Rs 580.70 per share, while Dr. Reddy’s Laboratories is up by 2.9% at Rs 2495 per share.

Other stocks in the index such as Narayana Hrudayalaya is up by 6.9% at Rs 317 per share, Sun Pharma Advanced Research Company is up by 6.4% at Rs 291.85 per share, Jubilant Life Sciences is up by 5.7% at Rs 725.80 per share, Kopran is up by 5.2% at Rs 84 per share and Orchid Pharma is up by 5.1% at Rs 28.50 per share

Lincoln Pharmaceuticals, Poly Medicure, Vivimed Labs and IOL Chemicals are trading in the red territory.

At 3 PM, the S&P BSE Sensex is trading at 31178 up 69 points, while NSE Nifty is trading at 9625 up 20 points. A total of 28 stocks registered a fresh 52-week high in trade today, while 63 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.82% at 14488, while BSE Small-cap Index is trading up 0.36% at 14909.

Some buying activity is seen in Healthcare, Finance and Information Technology indices, while Capital Goods, Consumer Durables, and FMCG indices are showing weakness on BSE.

Aurobindo Pharma, Adani Ports, NTPC and Hindalco are among the gainers, whereas BPCL, Bharti Infratel, Power Grid and ITC are losing on the NSE.

The INDIA VIX is up 0.1% at 11.8.

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